Mt. Gox is reportedly planning for liquidation rather than rebuilding its business [Confirmed]

Mt. Gox, the fallen Bitcoin exchange that was once the toast of the virtual currency world, is reportedly ditching plans to rebuild itself under bankruptcy protection, in favor of company liquidation, the Wall Street Journal reports.

Interestingly, the Journal reports that a source close to Mt. Gox believes there is “still hope a buyer for the exchange could be found.” Such an eventuality would help investors, who stand to recoup less of their investments if Mt. Gox is liquidated, although the situation is far bleaker for the exchange’s customers.la